Speciality Restaurants Limited (SPECIALITY.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+198.4%

₹406.28

vs ₹136.15 price

Levered DCF

₹286.40

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	18.58×	30.34×	28.67×	10.31×	92.84×	-6.08×	-2.82×	-62.68×
P/B	1.17×	2.02×	2.74×	3.61×	5.24×	1.32×	0.65×	2.23×
P/S	0.85×	1.51×	2.08×	2.66×	3×	1.19×	0.3×	1.41×
EV / EBITDA	6.36×	10.97×	10.68×	10.39×	15.99×	15.97×	5.87×	21.8×
Gross margin	37.6%	43.5%	43.5%	50.1%	53.3%	49.5%	47.1%	46.6%
Operating margin	5.7%	5.6%	36.7%	12.0%	6.4%	-20.8%	-0.2%	-3.6%
Net margin	4.6%	5.0%	7.3%	25.8%	3.2%	-19.5%	-10.6%	-2.3%
Current ratio	2.49×	2.6×	2.75×	2.61×	1.76×	1.47×	1.52×	1.97×
Debt / equity	0.4×	0.47×	0.45×	0.51×	0.96×	1.04×	0.78×	0×
Interest coverage	1.86×	1.71×	10.17×	3.24×	1.11×	-1.9×	-0.03×	0×
Dividend yield	1.2%	0.7%	1.4%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	22.1%	22.2%	40.4%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.3%	6.6%	9.6%	35.0%	5.6%	-21.7%	-23.2%	-3.6%
Return on invested capital	4.1%	3.8%	27.8%	10.7%	3.4%	-11.1%	-0.2%	-5.4%
Return on assets	3.9%	4.0%	5.8%	20.4%	2.4%	-8.8%	-10.9%	-2.7%
Free cash flow yield	9.2%	5.5%	4.2%	7.0%	6.8%	9.7%	43.3%	0.1%
Earnings yield	5.4%	3.3%	3.5%	9.7%	1.1%	-16.4%	-35.5%	-1.6%
Enterprise value	₹5.3B	₹8B	₹9.7B	₹11.3B	₹9B	₹3.1B	₹2.3B	₹4.8B
Net debt / EBITDA	1.48×	1.89×	1.41×	1.24×	2.44×	6.84×	3.18×	-0.5×
Cash conversion cycle (days)	-21	-25	-26	-42	-68	-123	-27	-59